Released July 18, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
IEA: U.S., China to Become Biggest LNG Exporter, Importer - The United States and China will become the world's biggest liquefied natural gas (LNG) exporter and importer, respectively, in five years, according to projections by the International Energy Agency (IEA). U.S. LNG exports are expected to rocket to more than 100 billion cubic meters in 2024, dislodging current market leaders Australia and Qatar. (Reuters)
Canadian LNG Plant Signs Supply Deal With China - A small-scale Canadian liquefied natural gas plant has signed the country's first binding supply agreement with China, ahead of much larger deals expected to be finalized with operators of bigger new terminals. FortisBC agreed with China's Top Speed Energy Corporation to supply 53,000 tonnes from its Tilbury facility in British Columbia as of 2021 for two years. (Projects 300137072, 300137096) (Reuters)
FERC Approves Kinder Morgan's Mississippi LNG Project - Federal regulators gave Houston's Kinder Morgan (NYSE:KMI) the green light to build its Gulf LNG export project in Mississippi. The Federal Energy Regulatory Commission approved the Gulf LNG project in a 3-1 vote Tuesday. (Projects 300104640, 300173466) (Houston Chronicle)
CRUDE OIL
U.S. Crude Supplies Down - U.S. crude oil supplies declined by 3.1 million barrels for the week ending July 12. Gasoline inventories were up 3.6 million barrels. (MarketWatch)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
LNG
IEA: U.S., China to Become Biggest LNG Exporter, Importer - The United States and China will become the world's biggest liquefied natural gas (LNG) exporter and importer, respectively, in five years, according to projections by the International Energy Agency (IEA). U.S. LNG exports are expected to rocket to more than 100 billion cubic meters in 2024, dislodging current market leaders Australia and Qatar. (Reuters)
Canadian LNG Plant Signs Supply Deal With China - A small-scale Canadian liquefied natural gas plant has signed the country's first binding supply agreement with China, ahead of much larger deals expected to be finalized with operators of bigger new terminals. FortisBC agreed with China's Top Speed Energy Corporation to supply 53,000 tonnes from its Tilbury facility in British Columbia as of 2021 for two years. (Projects 300137072, 300137096) (Reuters)
FERC Approves Kinder Morgan's Mississippi LNG Project - Federal regulators gave Houston's Kinder Morgan (NYSE:KMI) the green light to build its Gulf LNG export project in Mississippi. The Federal Energy Regulatory Commission approved the Gulf LNG project in a 3-1 vote Tuesday. (Projects 300104640, 300173466) (Houston Chronicle)
CRUDE OIL
U.S. Crude Supplies Down - U.S. crude oil supplies declined by 3.1 million barrels for the week ending July 12. Gasoline inventories were up 3.6 million barrels. (MarketWatch)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, eight offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
